Introductory Text1.Citation and commencement2.Interpretation3.Amendments to the 1995 Regulations4.(1) Regulation 1.2 (Interpretation) is amended as follows.5.After regulation 1.2 insert— Effect of exercise of an option.6.(1) Regulation 2.1 (Interpretation and application) is amended as follows.7.(1) For regulation 2.3 (Retained benefits) substitute— Information requirements The administrators shall require any person who is, or wishes.8.Regulation 2.4 (which is about retained death benefits) is revoked.9.For regulation 2.5 (which is about the disclosure of information.10.Regulations 2.6 to 2.14 (which are about maximum benefits) are.11.(1) Regulation 2.15 (Maximum contributions) is amended as follows.12.In regulation 2.18 (Manner of making contributions) for “financial year”.13.For regulation 2.22 (Transfer values in) substitute— Transfers in A payment representing the cash equivalent of the member’s accrued.14.(1) Regulation 2.24 (Benefits which may be provided) is amended.15.Regulation 2.25 and 2.26 (which relate to the payment of.16.(1) Regulation 2.27 (which is about nominations) is amended as.17.(1) Regulation 2.28 (Leaving the scheme) is amended as follows.18.For the side-note before regulation 2.29 substitute “Tax”.19.Regulation 2.29 (Surplus funds) is revoked.20.In regulation 2.30 (which is about payment of tax) after.21.Part 3 (Free standing Additional Voluntary Contributions Schemes) is revoked.22.In regulation 4.1 (Interpretation) the definition of “pension capped salary”.23.(1) Regulation 4.2 (Membership) is amended as follows.24.For regulation 4.3 (Limits on the added years that may.25.Regulation 4.4 (Limits on the added benefits that may be.26.For regulation 4.5 (Limits on the added benefits that may.27.(1) Regulation 4.6 (Manner of making contributions into the JAYS).28.In regulation 4.7 (Manner of making contributions into the JASSPS),.29.In regulation 4.8 (Manner of making contributions into the JABS),.30.For regulation 4.9 (Maximum contributions) substitute— Maximum contributions (1) A member may not make contributions at a rate.31.(1) Regulation 4.10 (Valuation of benefits under the JAYS) is.32.In regulation 4.11 (Valuation of benefits under the JASSPS), in.33.In regulation 4.12 (Valuation of benefits under the JABS), in.34.In regulation 4.13 (Refund of contributions) delete paragraph (6)(b).35.After regulation 4.14 (Monies) insert— Reduction of benefits (1) This regulation applies where the scheme administrator of any.SignatureExplanatory Note